The West Dundee redevelopment, which sits on 60 acres and housescompanies like Motorola and Airborne Freight, was a typicalCenterPoint redevelopment play, according to the firm's chiefinvestment officer Paul Ahern. "Once the value has been added andthe property stabilized, we redeploy the capital created into a newset of opportunities."
CenterPoint is currently involved in two massive industrialprojects in the Chicago area, the $1-billion redevelopment of theJoliet Arsenal and, in conjunction with Ford Land, the developmentof the a supplier park for Ford's Torrance Avenue plant.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
